African Development Bank's Public Finance Management Academy to Launch Second Cohort of Public Finance Management Executive Training

AfDB
The African Development Institute of the African Development Bank Group will commence training of the second cohort participating in its 18-month public finance executive training series from 29 July to 01 August 2024
19 July 2024
Content from a Premium Partner
African Development Bank (Abidjan)
announcement

What:

Public Finance Management Executive Training Series on Domestic Revenue Mobilization

When:

29 July - 01 August 2024, 08:00 to 14:00 GMT

Where:

Virtual

The African Development Institute of the African Development Bank Group will commence training of the second cohort participating in its 18-month public finance executive training series from 29 July to 01 August 2024.

This virtual training, hosted by the Institute's Public Finance Management Academy for Africa (PFMA), will focus on Domestic Revenue Mobilization (DRM) for Enhanced Fiscal Stability and Resilience in Africa and follows the graduation of the inaugural cohort in December last year.

Africa faces challenges in mobilising adequate domestic resources for development financing. Government revenues (excluding grants) declined from 23.5% of GDP in 2010 to 19.8% in 2019. Tax revenues averaged only 14.6% of GDP (2021-2022), below the 15% minimum required to meet the SDGs, and substantially lower than Latin America (23.9%), Europe and Central Asia (31.7%).

The training aims to enhance African governments' capacities to raise domestic revenues for development investments, strengthen the institutions, systems, and processes for fiscal stability and to equip public officials with modern tools and approaches for effective public financial management.

The initiative is part of the Institute's 18-month structured Public Finance Management (PFM) Executive Training Series for senior public sector policymakers and practitioners in regional member countries. The Series covers six PFM thematic areas, delivered quarterly through the Bank's Virtual Capacity Development Academy (VCDA).

Successful participants will be certified as Public Finance Management Experts.

About ADI:

The African Development Institute serves as the African Development Bank Group's focal point for capacity development support to regional member countries. The Institute plays a crucial role in building sustainable capacity, fostering effective institutional development, and supporting regional member countries' growth.

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2024 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.